Oppenheimer & Co. Inc. Grows Position in SPDR S&P Dividend ETF $SDY

Oppenheimer & Co. Inc. grew its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,654 shares of the company’s stock after acquiring an additional 4,613 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in SPDR S&P Dividend ETF were worth $8,635,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SDY. Raymond James Financial Inc. grew its stake in SPDR S&P Dividend ETF by 4.0% in the 2nd quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after buying an additional 119,562 shares in the last quarter. Joel Isaacson & Co. LLC raised its position in shares of SPDR S&P Dividend ETF by 0.8% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,667,060 shares of the company’s stock valued at $373,522,000 after buying an additional 22,123 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of SPDR S&P Dividend ETF by 125.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,451,468 shares of the company’s stock worth $197,008,000 after acquiring an additional 7,179,596 shares during the last quarter. MAI Capital Management grew its position in SPDR S&P Dividend ETF by 2.5% in the second quarter. MAI Capital Management now owns 767,082 shares of the company’s stock worth $104,116,000 after acquiring an additional 18,830 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in SPDR S&P Dividend ETF by 0.6% in the second quarter. Cetera Investment Advisers now owns 699,649 shares of the company’s stock worth $94,963,000 after acquiring an additional 3,929 shares in the last quarter. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Down 0.3%

SDY opened at $153.00 on Tuesday. The business’s fifty day simple moving average is $143.65 and its 200 day simple moving average is $140.80. SPDR S&P Dividend ETF has a 52 week low of $119.83 and a 52 week high of $153.81. The stock has a market cap of $21.70 billion, a PE ratio of 19.85 and a beta of 0.79.

SPDR S&P Dividend ETF Profile

The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.